Chinese express giant SF Holding is to acquire a 51.8% stake in Hong Kong’s Kerry Logistics Network – a landmark $2.3bn deal creating the “biggest logistics group in Asia”. In a filing to the Shenzhen stock exchange late last night, SF Holding, which operates courier firm SF Express, said the move would...
REUTERS reports: Chinese logistics giant SF Holdings Co is in talks to take Hong Kong-listed Kerry Logistics Networks Ltd private, in the sector’s latest consolidation attempt, four people with knowledge of the matter told Reuters. SF is preparing to offer a decent premium to Kerry’s current trading price, said one of the people,...
